State of Emergency in Sri Lanka: Sri Lanka’s acting President Ranil Wickremesinghe told CNN in an interview on Monday that Gotabaya Rajapaksa’s government was “covering up facts” about financial crisis and did not tell the truth about Sri Lanka’s bankruptcy. He added that his aim was to stabilize Sri Lanka’s devastated economy by the end of 2023. “By the end of next year let’s start stabilizing, and certainly by 2024 let’s have a functioning economy which will start growing,” Wickremesinghe told CNN.
India wishes that the ongoing transition in Sri Lanka will not only be “smooth,” it will also help the island nation stage an “early and effective” economic recovery, Indian High Commissioner in Sri Lanka Gopal Baglay told The Indian Express Monday. To that effect, India, which has helped Sri Lanka with almost $4 billion in aid would, “going forward,” like to bring in “more investment” to help the country build capacities to respond to the economic challenges, Baglay said.
Meanwhile, Wickremesinghe has declared a state of emergency in the country, according to a government notice released late Sunday night, Reuters reported, as the current administration works towards handling the social unrest and tackling the economic crisis. “It is expedient, so to do, in the interests of public security, the protection of public order and the maintenance of supplies and services essential to the life of the community,” the notification stated.